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Karur Vysya Bank In Karur

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Panneerselvam asks banks not to allow anyone to operate party accounts

Tamil Nadu Chief Minister O Panneerselvam on Wednesday insisted that he continued to be All India Anna Dravida Munnetra Kazhagam treasurer and wrote to two banks in Chennai not to allow anyone......

Banks await RBI approval for appointing second whole-time director

More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards. Photograph: Ajay Verma/Reuters In a notification......

Amid liquidity crunch, shorter-tenure govt bonds lag 'longer' peers

Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market......

RBI conducts 4-day VRRR auction as overnight rates fall below repo

The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo......

Offshore syndication of loans at 15-yr high, zooms to $21 bn in '23

Funds raised by India Inc. through offshore loan syndication hit a 15-year high in 2023 with companies and banks raising $21.4 billion, the highest since 2007. Illustration: Uttam Ghosh/Rediff.com......

Banks bid 2.5x against Rs 1.75 trn at VRR auction

Banks submitted bids amounting to Rs 4.75 trillion, around 2.5 times of the notified amount of Rs 1.75 trillion, at the Variable Rate Reverse Repo (VRR) auction conducted by the Reserve Bank of......

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